If the interest rate is 20 percent, the present value of $10,000 to be received 20 years from today is about

Legislators who must stand for re-election every two years will tend to support

A) policies beneficial to all the people eligible to vote. B) policies beneficial to all the people now living. C) policies beneficial to all present voters and future generations of voters. D) policies promising early benefits and deferred costs. E) policies representing the public interest.

A common mistake made by consumers is the failure to take into account the sunk costs of their actions

Indicate whether the statement is true or false